Login Business Park in the north of Budapest, owned by Wing, is set to expand with a new hall offering more than 5,000 sqm in floor space. The project responds to distinct market needs reflecting increasing demand and increasing interest in the park. The market was quick to signal the necessity of the construction project, with lease agreements signed for the entire floor space of the hall immediately. The development is scheduled to be completed in late summer 2021.

FUTURE Designs, the UK based designer and manufacturer of high-quality luminaires and bespoke lighting solutions, has obtained the first IMMUNE Building Standard certification in the world for an industrial building, awarded by the Healthy by Design Building Institute (HDBI). The factory and headquarters achieved the label IMMUNE - Strong following the company’s successful implementation of the set of health and safety measures for its employees.

WDP Romania, the developer and owner of industrial and logistics spaces, has received the Excellence in Design for Greater Efficiency (EDGE) certification for its local stock of warehouses. EDGE was created by IFC, part of the World Bank. It helps property owners and developers build and operate green buildings in a fast and affordable way. The certifications apply to WDP warehouses ranging from 2,500 sqm to more than 60,000 sqm. 

Hungarian state-owned NIPÜF Group, the developer of the Inpark Tatabánya industrial park, sold a two-hectare building plot to the Hungarian subsidiary of Soulbrain. The South Korean company will produce electrolytes for lithium-ion batteries.

pbb Deutsche Pfandbriefbank has provided an investment loan facility totalling €115 million to a fund managed by the Real Estate Group of Ares Management Corporation (Ares), which will utilise the proceeds for the acquisition financing of a logistics portfolio in Poland. pbb acted as arranger and sole lender under the facility.

CTP has acquired 17.9 hectares of land in northern Bucharest for an undisclosed sum. The land was bought from two businessmen who were planning to invest €50 million in a logistics project. 

German carmaker Mercedes-Benz is boosting its logistics operations in Romania. Construction firm Plana-Innova was selected to build its new centre that will have a maximum storage capacity for 45,000 products. 

CBRE has been mandated to manage the industrial portfolio of Cromwell European Real Estate Trust (CEREIT) in the Czech Republic and Slovakia.

The hunt for logistics properties is intensifying, many investors are looking for strip malls and specialised stores, new and premium office buildings are increasingly leaving obsolete ones behind. Commercial real estate advisor VLK Cresa summarised the last few months on the Hungarian property investment market.

Slovenian company Iskra has become the new owner of a pharmaceutical industrial/logistics asset in Montenegro, located in Donja Gorica, on the outskirts of Podgorica. In addition to this acquisition, Iskra also bought several pharmacies in Montenegro, ekapija reports.